Posts tagged ‘labor force’

The Congressional Budget Office (CBO) examines many developments that could have short- or longer-term consequences for the budget and the economy. In coming decades, one such development is expected to be a slower rate of growth of the labor force relative to its average over the past few decades. That slowdown is anticipated to occur primarily because of the aging and retirement of large numbers of baby boomers and because women’s participation in the labor force has leveled off since the late 1990s after having risen substantially for the preceding three decades. This report describes CBO’s methods for projecting such trends through 2021. Charts and tables. This is a print on demand report.